Settlement of RSUs Clause Example from Business Contracts

Settlement of RSUs. Delivery of Shares or other amounts under this Agreement will be subject to the following: (a) The Company will deliver to you one Share for each RSU that has become earned and payable as soon as administratively practicable after the end of the applicable Restricted Period. (b) Any issuance of Shares under the Award may be effected on a non-certificated basis, to the extent not prohibited by Applicable Law. (c) If a certificate for Shares is delivered to you under the Award, the certificate may... bear the following or a similar legend as determined by the Company: The ownership and transferability of this certificate and the shares of stock represented hereby are subject to the terms (including forfeiture) of the Alignment Healthcare, Inc. 2021 Equity Incentive Plan and an RSU award agreement entered into between the registered owner and Alignment Healthcare, Inc. Copies of such plan and agreement are on file in the executive offices of Alignment Healthcare, Inc. In addition, any stock certificates for Shares will be subject to any stop-transfer orders and other restrictions as the Company may deem advisable under Applicable Law, and the Company may cause a legend or legends to be placed on any certificates to make appropriate reference to these restrictions. Unless otherwise determined by the Board, the RSUs and any shares of Common Stock acquired in respect of any RSUs will be subject to the lock-up restrictions as set forth in Section 13.20 of the Plan (and any successor terms). View More